The Middleby Corporation (MIDD) financial statements (2021 and earlier)

Company profile

Business Address 1400 TOASTMASTER DRIVE
ELGIN, IL 60120
State of Incorp. IL
Fiscal Year End December 31
SIC 358 - Refrigeration And Service Industry Machinery (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments268957290685644
Cash and cash equivalents268957290685644
Receivables363448399328326283230
Inventory, net of allowances, customer advances and progress billings540586522425368354256
Inventory540586522425368354256
Prepaid expense182018346116
Contract with customer, asset2023 
Deferred tax assets   5251
Other undisclosed current assets61395155434028
Total current assets:1,2701,2091,062932812795614
Noncurrent Assets
Property, plant and equipment344352315282222200130
Intangible assets, net (including goodwill)3,3853,2933,1042,0451,7891,7331,301
Goodwill1,9341,8501,7431,2651,093983808
Intangible assets, net (excluding goodwill)1,4501,4431,361780696749492
Deferred income tax assets76 
Other noncurrent assets1271113736432219
Deferred tax assets, net37324552113
Other undisclosed noncurrent assets (3,293)(3,104)(2,045)(1,789)(1,733)(1,301)
Total noncurrent assets:3,932500384363317233151
Other undisclosed assets 3,2933,1042,0451,7891,7331,301
TOTAL ASSETS:5,2025,0024,5503,3402,9172,7612,066
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities677590556469483478377
Accounts payable18317418814614715898
Accrued liabilities495417367322336320221
Employee-related liabilities      51
Taxes payable      8
Debt233356329
Other undisclosed current liabilities      (59)
Total current liabilities:700593559474488510328
Noncurrent Liabilities
Long-term debt and lease obligation1,7071,8701,8891,024726734589
Long-term debt, excluding current maturities1,7071,8701,8891,024726734589
Liabilities, other than long-term debt819592437481437350142
Deferred tax liabilities, net134114887811389
Deferred income tax liabilities147 
Liability, pension and other postretirement and postemployment benefits470289253335323208 
Other liabilities2021697059363053
Total noncurrent liabilities:2,5262,4622,3261,5051,1631,084731
Total liabilities:3,2263,0552,8851,9791,6521,5941,059
Stockholders' equity
Stockholders' equity attributable to parent1,9771,9471,6651,3611,2651,1671,007
Common stock0000000
Treasury stock, value(537)(451)(445)(445)(205)(201)(196)
Additional paid in capital433387377375355329310
Accumulated other comprehensive loss(488)(351)(276)(266)(284)(76)(31)
Retained earnings2,5692,3612,0091,6981,3991,115924
Total stockholders' equity:1,9771,9471,6651,3611,2651,1671,007
TOTAL LIABILITIES AND EQUITY:5,2025,0024,5503,3402,9172,7612,066

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues2,5132,9592,7232,3362,2681,8271,637
Revenue, net2,7232,3362,2681,8271,637
Cost of revenue
(Cost of Goods and Services Sold)
(1,631)(1,856)(1,719)(1,423)(1,367)(1,120)(996)
Gross profit:8821,1031,004913901707641
Operating expenses(558)(589)(558)(502)(455)(404)(387)
Other undisclosed operating income      47
Operating income:324514446410446303300
Nonoperating income (expense)(3)2(2)(1)(1)(4)(8)
Foreign currency transaction loss, before tax      (4)
Other nonoperating income (expense)(3)2(2)(1)(1)(4)(4)
Interest and debt expense(79)(83)(59)(26)(24)(17)(16)
Other undisclosed income from continuing operations before equity method investments, income taxes252938   4
Income from continuing operations before income taxes:268463424384421281281
Income tax expense(61)(110)(106)(85)(137)(90)(87)
Net income available to common stockholders, diluted:207352317298284192193

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:207352317298284192193
Other comprehensive income (loss)(137)(74)(43)47(64)(28) 
Comprehensive income:70278274345221163193
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  33(29)(144)(17)(23)
Comprehensive income, net of tax, attributable to parent:7027830731676147171

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: